Matador Resources Company issued $750.0 million aggregate principal amount of 6.000% Senior Notes due 2034 on March 5, 2026, receiving net proceeds of approximately $737.2 million, and entered into an Indenture governing the Notes. The company also announced the expiration of its cash tender offer, accepting approximately 84% ($419.7 million) of its 6.875% Senior Notes due 2028 for purchase.
Key takeaways
Issued $750.0 million 6.000% Senior Notes due April 15, 2034
Net proceeds from Notes issuance: $737.2 million after discounts and expenses
Notes guaranteed on senior unsecured basis by certain subsidiaries
Tender offer accepted $419.705 million (84%) of $500 million 6.875% Senior Notes due 2028
Tender consideration: $1,019.75 per $1,000 principal plus accrued interest
Indenture dated March 5, 2026 with U.S. Bank Trust Company, National Association as trustee